“Global market share trends improved as we continued to implement our growth strategy and made very good progress against our productivity and cost savings goals,” CEO Bob McDonald said in a statement.

P&G pleased shareholders by raising its earnings targets, projecting fiscal 2013 non-GAAP EPS of $3.97 to $4.07. Even the conservative end of the new range would meet the Street’s view of $3.97.

The maker of Duracell batteries and Pantene hair products also upped its organic-sales growth view to a range of 3% to 4%, compared with 2% to 4% previously.

For the current quarter, P&G is calling for non-GAAP EPS of 91 cents to 97 cents, compared with estimates from analysts for 95 cents. Organic sales are seen rising 3% to 4%.

P&G also said it now sees buying back $5 billion to $6 billion of its own stock, up from $4 billion to $6 billion earlier.

“Our strong first half results have enabled us to raise our sales, earnings and share repurchase outlook for the fiscal year, while we strengthen investments in our innovation and marketing programs,” McDonald said.